Carnegie Mellon University has received a $5 million gift to support undergraduate scholarships from the Posner family of Pittsburgh, including school trustee Anne Molloy and her husband, Henry Posner III, officials said today.
A minimum of five undergraduate scholarships are to be created annually, officials said. The Presidential Scholarships will be awarded to a student based on degree of academic success and future potential.
In a statement accompanying the announcement, a family member explained the importance of adding to the school's pool of presidential awards.
"I’ve been moved by the stories of students who receive these scholarships. As someone who benefited from a scholarship myself, it’s exciting to have the opportunity to pay it forward to a future generation of CMU students,” said Ms. Molloy, the Posners’ daughter-in-law who also serves as executive director of the Posner Fine Arts Foundation. “We’re very pleased to dedicate this gift in memory of Helen and Henry Posner Jr., who were great believers in higher education and especially Carnegie Mellon.”
University president Subra Suresh expressed gratitude and said the funds will contribute to ongoing efforts at CMU to create a more diverse student body from all walks of life globally.
Bill Schackner: firstname.lastname@example.org, 412-263-1977 and on Twitter: @BschacknerPG.